Chinese language fintech big Antfin is more likely to divest as much as 4% of its stake in digital funds agency Paytm by way of block offers valued at ₹2,066 crore, in line with a moneycontrol report.
The ground worth for the transaction is ready at ₹809.75 per share, representing a 6.5% low cost to Paytm’s present market worth, the report added.
As of March quarter, Antfin (Netherlands) Holding BV held 9.85% stake in One 97 Communications Ltd, the dad or mum agency of Paytm, exhibits trade information.
Final week, One 97 Communications reported a narrower year-on-year consolidated loss for the fourth quarter (This fall) of economic 12 months 2024-25 (FY25). The digital funds agency posted a lack of ₹540 crore for the Jan-Mar quarter, down from a lack of ₹550 crore in the identical quarter final 12 months.
Nonetheless, the loss widened sequentially from ₹208 crore within the December quarter because of a one-time worker inventory possibility price, resulting in a wider loss in comparison with the earlier quarter.
Consolidated income from operations dropped 16 per cent to ₹1,912 crore year-on-year within the fourth quarter from ₹2,267 crore. Sequentially, income grew marginally by 5 per cent from ₹1,828 crore.
